Singapore's gross domestic product was up a seasonally adjusted annualized 1.8 percent in the first quarter of 2013 compared to the previous three months, the Ministry of Trade and Industry said in Thursday's revised reading.
That's sharply higher than last month's advanced estimate that showed a 1.4 percent contraction - although it's still down from the 3.3 percent increase in the fourth quarter of 2012.
On a yearly basis, GDP added 0.2 percent versus estimates for a 0.6 percent decline and a 1.5 percent gain in Q4.
Upon the release of the data, the MTI said it will maintain its GDP growth forecast for 2013 at 1.0 to 3.0 percent.
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